Domain Consultant – Transaction Banking
We are looking for experts with around 10 years experience in Transactional banking as Functional consultant for
- Payments
- Credit
- Limit Management
- Pricing (Corporate & Retail)
- Deposits
Product Rationalization:
- Work closely with business stakeholders, system integrators, and core banking vendors to assess the current product catalogue across retail, SME, and corporate segments.
- Identify products to be sunset, products to be migrated to the new core system, and new products to be introduced.
- Refine and redesign products selected for migration to ensure alignment with the new core banking platform’s product architecture and conceptual model.
- Advise on simplification, bundling, and innovation opportunities, incorporating capabilities from the core banking vendor (e.g., pricing engine, rule configurator).
Process Re-engineering:
- Focus on re-engineering core banking-related processes directly tied to the product scope.
- Target processes include: accounting flows, control and fund reservation mechanisms, management of value-bearing instruments such as deposit books and term certificates, and end-to-end product lifecycle processes.
- Product lifecycle processes include the definition of new product codes, product tree structures, pricing and fee schemes, and procedures for sunsetting obsolete products.
- Identify automation opportunities and pain points within these areas and propose lean, scalable process improvements.
Target Operating Model (TOM):
- Define the future-state TOM across key domains such as Core Banking, Lending, Payments, Pricing, Limit Management.
- Include governance and operational processes for managing the full lifecycle of financial products, from launch to retirement.
- Align TOM with business strategy, cloud-native architecture, and future product/service offerings.
Requirement:
- 8–15 years’ experience in transaction/corporate banking , with focus on Payments/Credit/Limits/Pricing
- Prior involvement in large transformation programs or strategic product design
- Exposure to platforms like T24, Finastra, Oracle FLEXCUBE, FIS, or in-house banking platforms
- Strong business analysis , stakeholder management, and documentation skills
- Experience working with consulting firms, banks, or fintechs on strategic initiatives
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